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20121202
20121210
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CSPAN
Dec 9, 2012 4:35pm EST
will require islamists when exposed to the public, will force and to pay the heavy price of governing. in egypt we see that already. much in the same way that in the next couple of weeks in this town we will see some ideologues, see their ideology tested. grover norquist -- both ways. political forces, wherever their ideology is grounded, as long as the system remains open tand pluralistic, but will be forced -- we see this in indonesia. in 2002, the islamist parties got 41% of the vote. the decline over the last couple of years to about 29%. i believe we are in the early stages of transformation in the middle east. we will talk about that complex competition for power. a final point -- i hope we debated a little bit. it is the issue of u.s. policy. it is my view that two years into this transition in the middle east -- and i avoid calling it arab awakening or arab spring. it is too early to characterize it. we've only seen about four countries, senior leaderships' change. -- seen their leadership's change. how we actually change and adapt and become more nimble, both in terms of how we deal wi
CSPAN
Dec 3, 2012 2:55pm EST
is that it is a government agency that is not as nimble. long-term, if you have 3% down payment, it is one thing to trust that the lenders to use the program will operate according to the guidelines, but does the institution have the bandwidth to change circumstances? even if it were not as severe as 2006, say we go through a period where congress allows downpayment-funded assistance. how able is the fha to set those proper underwriting standards? >> there is no question that the fha any other agency needs to be more organized than what we have today. fhfa it is 80 years old. it has never required taxpayer money. the fact that we have a 1000- year flat and fha has plans for a 100-year flat, it is unfortunate, but it has worked out somewhat well. >> what we should be thinking about is, how do we take advantage of this opportunity to learn how to do the modernization that roberta talked about? we did learn about ko'd during this crisis, when fha wanted to change its standards and eliminate a program that was clearly costing it a significant portion, having an agency which does not have the authority to act
CSPAN
Dec 7, 2012 2:00pm EST
home is the american dream. government support excessive borrowing has turned into a national nightmare, close quote. and the focus of that editorial was, we still haven't fundamentally reformed that, including at f.h.a. so i hope we start getting on that track starting today. thank you, mr. chairman. >> senator menendez. >> thank you very much. i'll be brief. i look forward to hearing the secretary's response on how f.h.a. balances the goals of remaining self-sufficient without taxpayer funds, but also helping what is still a fragile housing market in ensuring first-time home buyers can get credit. there is a clear case to be made in my mind that but for f.h.a. in the midst of this housing crisis, we would have a far greater crisis on our hands. and so reconciling the fiduciary responsibilities here to the taxpayers as well as the mission to people of america is incredibly important. i look forward to hearing that. and with your indulgence, mr. chairman, when it comes to my time in questions, while i certainly care about f.h.a., i have a even more pressing issue in the state of new jer
CSPAN
Dec 7, 2012 1:00am EST
of healthy economic growth that the government is willing to have the spending cuts we promise to do two years from now. we will be saying, we cannot afford to cut government spending because it will throw us into recession. >> that brings me to the next issue i would like to discuss. to get to the president's tax increase package that he is looking for, he is calling for higher marginal tax rates. in addition, a reduction in the value of deductions and other expenditures. higher taxes on capital gains, dividends. the way i count this up, if you include the limitations, the top marginal tax rates for some would be between 41 and 45%. that is just the federal level. we have states with varying income tax rates. some americans would be paying more than half of their income. it would exceed 50%. if the president got all the tax increases that he wants, is likely that could precipitate a recession? >> it is not only likely, it would certainly do so. it is cataclysmic. if we go from a 15% dividend tax, to 45%, that is ridiculously bad news for an equity markets. it is something we saw on the
CSPAN
Dec 6, 2012 8:00pm EST
, alexander hamilton, observe energy is a leading character in good government. the president must lead in a divided government and must not advocate his or her -- not abdicate hor or her responsibility. president obama has the responsibility to propose a real bipartisan plan to avert the fiscal cliff that can pass both the house and the senate. withdrawing from the recommendations of the simpson- from thewing recommendations of the simpson- bowles commission, the president could propose a plan that would not only avert the so-called fiscal cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a balanced. the fiscal cliff involves nearly four dollars of anticipa
CSPAN
Dec 9, 2012 3:55pm EST
a sense from you as to the commitment of this administration and the federal government to help in new jersey, and certainly new york, and the region, recover. when we had hurricane katrina on the gulf coast in mississippi and alabama and louisiana, i was there. when we had tornadoes in missouri, i was there. when we had flooding along the mississippi, i was there. when we had cropped instructions in the midwest, i have been there. i believe this is the united states of america. i fully expect that now, for the first time, we have the type of devastation others have suffered and should understand we are going to have the type of response others have received. i would like to get a sense of you as the type of commitment this administration has? >> this is a region i also have roots in. i married a jersey girl. i have worked in new jersey, grew up in new york. besides the personal commitment i have, i also see the president who is on the ground in new jersey almost immediately and has done everything he can to help the short term and has given me the responsibility. you have my commitmen
Search Results 0 to 5 of about 6